The housing market in Milford, ME is a great option for those looking for an affordable home. The median value of a house in Milford is $210,800, which is significantly lower than the US median of $338,100. Furthermore, in the last year alone Milford has seen an increase in house appreciation of 15.28%, surpassing the national average of 8.27%. This makes Milford a great place to buy or invest in property at a fraction of the cost compared to other areas.
The median home cost in Milford is $210,800. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Milford is up 19.0%.
Average Age of Homes
- The median age of Milford real estate is 32 years old
The Rental Market in Milford
- Renters make up 26.4% of the Milford population
- 1.3% of houses and apartments in Milford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.